The Modeller's Miscellany - #36

Happy spreadsheet day!

The Modeller's Miscellany is a weekly bulletin of cool stuff for financial modellers.

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Virtual meetup: Model visualisation in PowerBI

Danielle Stein Fairhurst's virtual meetup series continues this week. Lance Rubin, one of the co-founders of Full Stack Modeller will be showing how to visualise a financial model in Power BI. The webinar is on Tuesday, October 20th, 8pm Melbourne time. Register here.

That COVID Excel error

A lot has been written in the last week or two about the UK government omitting 16,000 cases from its COVID stats due to an Excel error. One of the best articles is this one from Wired Magazine. We're going to start describing ourselves as Excel Warriors in the light of this article. Perhaps it's time for F1F9 to update its Dirty Dozen ebook about spreadsheet horror stories.

Managing modelling risk: Creating a no blame culture

As we've seen yet again in the last couple of weeks, financial modelling is a risky business. Other industries where risk is an ever-present feature have learned the importance of a no-blame culture. In this London Business School TEDx talk, Matthew Syed, author of Black Box Thinking, makes the case for acknowledging failure and confronting our mistakes. This notion is echoed in this HBR article, which notes that one of the pre-requisites of a high performing team is psychological safety.

And finally . . . Happy spreadsheet day!

October 17th is world Spreadsheet day. It marks the anniversary of VisiCalc, the first spreadsheet for personal computers, which was released on October 17th, 1979. If you want to spend some of your Sunday going down that rabbit hole - check Dan Bricklin's website where he tells the story of how he invented the spreadsheet. Seemed fitting that we should launch Full Stack on the same week that the spreadsheet itself was invented!

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